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Two decades ago, he was one of three young traders who made $27 million in 22 days trading the stock of a bankrupt company on the Chicago Stock Exchange, becoming known as one of "the bad boys of arbitrage." Assessing that deal, a federal appeals court judge said that Leon "Chip" Greenblatt and his associates "may be reckless gamblers, sharpies, wise guys, exploiters of loopholes, even violators of the letter or spirit of the rules." But, he added, they did not break a law. Since then, Greenblatt has developed a complex and intertwined array of business ventures and investments, delving into real estate and an online startup as well as gas and alternative...

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Two decades ago, he was one of three young traders who made $27 million in 22 days trading the stock of a bankrupt company on the Chicago Stock Exchange, becoming known as one of "the bad boys of arbitrage."
Assessing that deal, a federal...

On May 17th, 2010, Dean and Lisa Niewolny sold their home at 17 Brooke Lane in South Barrington, IL to Rick and Deanna Stern. The Sterns bought the home for $2,250,000.
Mr. Niewolny works for Leadership Network as Managing Director of Halftime, a...

Never let a crisis go to waste, says an old rule of politics.
For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity.
Although...

Under an agreement announced Thursday by the Maryland Attorney General's Office, Wells Fargo has agreed to make loan modifications and pay nearly $1 million in restitution to customers of two lenders acquired by the bank.
The office's Consumer Protection...

As one of the first women to hold a position of power on Wall Street, Marion O. Sandler was notable even before she and her husband, Herbert, spent 43 years building Oakland's World Savings Bank into such a major — and ultimately controversial —...

CHARLOTTE, N.C. - More than 100,000 customers of Wachovia Corp. and Bank of America Corp. have been notified that their financial records might have been stolen by bank employees and sold to collection agencies.
Bank of America has alerted about...

Braedyn Woodring intended to quit her second job when her graduate classes picked up, she really did. But a sign from above changed her mind.
It said: Regular unleaded, $2.60.
And that was last month, when her paycheck for a part-time job covered half...

When CitiFinancial, the Baltimore-based consumer-finance division of Citigroup Inc., put a box of computer tapes that documented the financial habits of its customers on a UPS truck in Weehawken, N.J., last month, the shipment represented one routine step...

Stifel Financial Corp. has agreed to buy Legg Mason's investment banking, research and trading operations, which Citigroup Inc. had inherited as part of a separate deal.
Nearly 500 Legg Mason Inc. employees will join Stifel, which has its headquarters...